Once a thriving hub of small businesses, Johnson County, Indiana, now faces the harsh reality of a struggling economy and rising prices. The closure of establishments like The Grove Café, Bay 7 Vintage, Twisted Sicilian, and Electric Key Records has left a void in the local business landscape. While some attribute the closures to the national economy, others point to factors such as high rent and a lack of customers. Christian Maslowski, president and CEO of Aspire Johnson County, believes that market saturation or insufficient sales volume may be contributing to the recent closures. Rosie Chambers, executive director of the Franklin Chamber of Commerce, adds that personal decisions, changes in family dynamics, and health reasons can also influence business closures. Despite the challenges, the Franklin community remains optimistic, with an increase in shoppers and diners. The aesthetic appeal and vibrant downtown district of Franklin continue to attract visitors and support local businesses.
Meanwhile, a panel of experts convened to discuss the strong economy in Johnson County, Indiana, but highlighted a potential obstacle to future growth - student debt. Although the county has experienced significant economic growth, with a notable increase in GDP per capita since 2007, the average income in the county still lags behind the state average. The panelists emphasized the importance of investing in people and culture to sustain business growth in the area. They also discussed the positive labor market outlook for 2023, with increased job creation and a lower unemployment rate. However, they predicted a slowdown in job creation and a slight increase in employment for 2024. Geopolitical tensions, particularly in Ukraine and Russia, could disrupt supply chains and lead to higher commodity prices, causing inflation.
The panelists also raised concerns about workforce retention as baby boomers retire. They highlighted the significance of the labor force, which is projected to reach 3.5 million people in Indiana by 2024. Consumer spending has been a key driver of economic growth, but the panelists expressed worries about a potential decrease in consumer spending in Johnson County. Factors such as reduced COVID transfer payments, a higher cost of living, restricted credit availability, and the resumption of student loan payments could impact individuals' ability to sustain their spending. The panelists specifically highlighted the substantial amount of student loan debt in Indiana and its effect on young people's ability to start families and purchase homes. While the economy in Johnson County remains strong, the burden of student debt could hinder future growth.
In a different part of the country, O'Brien County in Iowa is experiencing an upswing in tourism. Kiana Johnson, the executive director of the O'Brien County Economic Development Corporation, presented visitor statistics to the county board of supervisors, revealing a 2% increase in visitor-generated tax revenue, surpassing neighboring Sioux County. The Iowa Economic Development Authority has introduced a new method of tracking visitors using cellphone tower pings, providing valuable data on the duration of visits, the time of year, and the visitors' origin. Johnson recommended leveraging this data for targeted marketing and suggested sharing the statistics with local businesses. O'Brien County stands out in Iowa with high visitor traffic on Mondays, unlike other communities where Mondays typically have less traffic. Johnson advised businesses in the county to consider their closing days based on this information, optimizing their operations to cater to the influx of visitors.
Madison County in the American Midwest is also implementing strategic initiatives to stimulate economic growth, create jobs, and improve the quality of life for residents. Companies are relocating to areas like Anderson in Madison County due to lower real estate costs and proximity to consumers, reducing transportation expenses. Key projects in various towns and cities within Madison County are expected to make significant strides in 2024, including residential projects, retail incubators, corporate headquarters, and infrastructure enhancements. Town officials are actively applying for grants to fund improvements, particularly in infrastructure and quality-of-life projects. These initiatives aim to attract visitors and business investments. Each town in Madison County has its unique set of developments, enriching the cultural and social fabric of the communities. The economic development efforts in Madison County offer optimism amid fears of a recession in the U.S. economy.
In Green County, Wisconsin, a newly released report highlights the vital partnership between the county and the University of Wisconsin-Madison. The Wisconsin Idea Database project reveals several data points and collaborations between the university and Green County. In the 2022-2023 period, UW-Madison and 22 county businesses and organizations brought $323,000 in purchasing agreements to Green County. Additionally, Green County undergraduates received $509,476 in grants, scholarships, and other merit- or need-based gift aid from UW-Madison. The university also partnered with at least 22 Green County businesses and organizations, spending $323,000 on goods, services, and other expenses. UW-Madison works with over 500 healthcare facilities across the state, including 6 in Green County, to provide students with internships, rotations, and other placements. Furthermore, at least 149 alumni of UW-Madison's School of Medicine and Public Health, School of Nursing, and School of Pharmacy currently reside in Green County. The Wisconsin Idea Database showcases numerous collaborations between UW-Madison and Wisconsin communities, with 372 projects benefiting Green County [de24996a].
Since 1996, the National Safety Council has celebrated National Safety Month in June every year. In Green County, accidents and unintentional injuries were the fourth leading cause of death in 2022. Public health organizations, like Green County Public Health, help promote and protect safety in many different ways. Green County Public Health offers car seat installation and education, medication safety resources, and works with other local organizations to address and prevent safety issues. They are also a part of Safe Kids South Central Wisconsin, a regional network focused on kids' safety.
In Van Buren County, Iowa, the Rural Vitality Coalition has selected the county as a pilot community to improve access, planning, and resource identification for community enhancement and economic growth. The coalition aims to address challenges such as housing and job issues in Van Buren County. Joy Padget, Engage Keosauqua President, highlights the coalition's potential to provide aid and drive progress in the area [bafefe43].